Frontier Communications (NASDAQ:FTR) Rating Reiterated by Royal Bank Of Canada

Pinnacle Associates Ltd. acquired a new position in Frontier Communications Corporation (NASDAQ:FTR) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 73,245 shares of the utilities provider's stock after selling 660,088 shares during the quarter. Next has invested 0% of its portfolio in Frontier Communications Corporation (NASDAQ:FTR). The company's institutional ownership is monitored at 64.5 percent. GSA Capital Partners LLP bought a new stake in Frontier Communications in the 2nd quarter worth about $113,000. Bessemer Group Inc Inc, New Jersey-based fund reported 659 shares. Gru One Trading LP reported 381,151 shares stake. The average 1-year price target for (FTR) reveals an average price target of $12.98 per share.

Basso Capital Management Lp decreased its stake in Frontier Communications Corp (Call) (FTR) by 44.44% based on its latest 2017Q2 regulatory filing with the SEC. Northern Trust Corp now owns 17,209,093 shares of the utilities provider's stock worth $19,963,000 after acquiring an additional 5,238,840 shares during the last quarter. BidaskClub upgraded Frontier Communications from a strong sell rating to a sell rating in a research report on Monday, July 31st. Thompson Davis Communication holds 20 shares or 0% of its portfolio. Metropolitan Life Ins Ny holds 0.02% of its portfolio in Frontier Communications Corporation (NASDAQ:FTR) for 1.88M shares.

As far as key trends that demonstrate something of the future investment potential of this stock, we need to take a closer look at the top line, first and foremost. Frontier Communications Corporation (NASDAQ:FTR) has noticeable measure of stock volatility, for this average true range is an exponential moving average (14 trading days) of the True Ranges. 713.03 million shares or 0.95% less from 719.84 million shares in 2017Q1 were reported. With an institutional ownership near 0%, it carries an earnings per share ratio of 2.77. According to the Analysts, the Low Earnings estimate for the current quarter is $-0.02, while the High earnings estimate is $0.02.Comparatively, EPS for the same quarter a year ago was $-0.32. The firm had revenue of $2.25 billion for the quarter, compared to analyst estimates of $2.25 billion. Frontier Communications had a negative return on equity of 1.97% and a negative net margin of 9.17%. Next Financial Group Inc invested 0% in Frontier Communications Corporation (NASDAQ:FTR).

Now focusing our attention on earnings data, we were able to identify that EPS consensus estimate for Frontier Communications Corporation (NASDAQ:FTR) for the current quarter stands at -$1.12.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 27.38%. The ex-dividend date is Tuesday, June 13th.

A number of equities analysts recently commented on the stock. Five analysts have rated the stock with a sell rating, eleven have given a hold rating and two have given a buy rating to the company's stock. Finally, Hilliard Lyons lowered shares of Frontier Communications from a "neutral" rating to an "underperform" rating in a research report on Wednesday, August 9th. ValuEngine lowered shares of Frontier Communications from a sell rating to a strong sell rating in a research report on Friday, September 1st. The company's market cap is $706.34 Million.

For the Current Quarter, the growth estimate for Frontier Communications Corporation is -71.7%, while for the Next Quarter the stock growth estimate is 25.8%. Wall Street is only getting more bearish on the stock, with 3 of analysts who cover FTR having a buy-equivalent rating. Bartlett Co Ltd Limited Liability Company holds 0% or 151 shares.

WARNING: This report was reported by TrueBlueTribune and is the sole property of of TrueBlueTribune. If you are accessing this piece of content on another publication, it was illegally copied and reposted in violation of United States & worldwide copyright and trademark laws. Frontier Communications Corporation (NASDAQ:FTR) has declined 70.56% since December 5, 2016 and is downtrending. The Company offers a portfolio of communications services for residential and business customers. The firm also provides broadband, Ethernet, traditional circuit-based, data and optical transport, and voice services, as well as Multiprotocol Label Switching and Time Division Multiplexing services to small business, medium business, and larger enterprises, as well as sells customer premise equipment.

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